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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Comment by waitingstillon Jan 30, 2024 2:31pm
130 Views
Post# 35853197

RE:RE:RE:Scamming shareholders unfortunately

RE:RE:RE:Scamming shareholders unfortunately Well Zibo, the way I look at it, if you take the first offer, you guarantee no multiple offers. Yes, CGX has never been able to attract a beneficial JV but they have never had 2 successful discoveries before either. These big companies take time to assess these plays. Geo exploration teams need to do assessments, recommendations need to be made, boards need to be consulted, finance needs to determine offers,etc. These companies are not foolish with their money. That is why I say let's give it until April and see what shakes out. And I think we are going to be close to 1 billion barrels when C zone resource estimate comes out. Just my opinion.

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